17. April 2024

US & UK Governments may have Created Bitcoin: Goldman Sachs Exec

• Former Goldman Sachs executive Raoul Pal believes that the US and UK governments may have created Bitcoin (BTC) to deal with future monetary crises.
• Pal bases this theory on his conversation with a DoD official in 2013 or 2014, who was worried about debt and the West’s international monetary dominance.
• Pal points to Bitcoin’s release during the 2008 financial crisis and its halving cycles as evidence for his theory.

Former Goldman Sachs Executive Speculates US and UK Governments Created Bitcoin

Former Goldman Sachs executive Raoul Pal has speculated that the anonymous inventor of Bitcoin (BTC), Satoshi, might be actually be the US and UK governments. In a recent interview with YouTuber Tom Bilyeu, Pal mentioned a conversation he had with a Department of Defense (DoD) official in 2013 or 2014. The official was concerned about debt, systemic collapse, and threats to the West’s international monetary dominance. According to Pal, these concerns could have led to BTC’s creation as an experiment in global economic solutions.

Bitcoin’s Release During 2008 Financial Crisis Points To Government Intervention

Pal believes that BTC’s release at the peak of the financial crisis is evidence of government intervention. He also contends that BTC’s halving cycles are further proof of this theory, as they are likely designed to regulate inflation over time.

US National Security Agency (NSA) & UK Government Communications Headquarters (GCHQ)

Pal theorizes that while Satoshi remains anonymous, it could potentially be a group from within the US National Security Agency (NSA) and UK Government Communications Headquarters (GCHQ). Both organizations specialize in cryptography-related technology which makes them ideal candidates for creating such an advanced form of digital currency like Bitcoin.

Game Out Future Threats To Western International Monetary Dominance

The former Goldman Sachs executive claims he was told by one DoD official that their job was to assess risk when it comes to future threats against western international monetary dominance. When asked if they had ever considered blockchain-based currency such as bitcoin as potential solutions, he claims they said yes – leading him to believe these entities may have been involved in its development from early on.

Conclusion

Ultimately Raoul Pal is only speculating on who created bitcoin but he does provide compelling evidence surrounding certain events taking place around its launch which suggest government involvement could be possible. Whether or not this turns out to be true remains uncertain but it is certainly an interesting theory worth exploring further!